NOT LISTED FOR SALE

1551 E 27th Ave Apache Junction, AZ 85119

Estimated Value: $590,000 - $690,194

Studio
4 Baths
800 Sq Ft
$771/Sq Ft Est. Value

Sale Details

Date Sold: March 20, 2021

Last sale price $540,000 $675 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,425 / mo

28 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System

About This Home

As of March 2021

RARE FIND-YOU DO NOT WANT TO MISS! Two bedroom one bath units collecting approx. $620 pro-forma $1,100-$1,250. This is a great value add opportunity! The TENANTS are month to month and PAY ALL UTILITIES- INDIVIDUALLY METERED FOR WATER AND ELECTRIC. This income producing property has been well maintained with pride in ownership.
The roof was recoated in October. The building painted in November and gates replaced this month. Recently new windows in all units, AC units maintained and replaced as needed. The interior has tile, washer/dryer hook ups, storage units. individual yards, block fencing and off street parking. Desirable location close to freeway access. Do Not Disturb Tenants. Interior access after accepted contract. Buyer or buyers agent to verify all facts and figures.

Last Agent to Sell the Property

Heather Cates

Realty ONE Group License #BR539874000 Listed on: 02/12/2021

Co-Listed By

Darin Wilson

Citiea License #SA646826000

Last Buyer's Agent

Tanis Wales

Realty ONE Group License #SA536591000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,275

Year Built

  • Built in 1983

Lot Details

  • 9,845

Home Design

  • Wood Frame Construction
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 5 Parking Spaces
  • 1 Covered Space

Schools

  • Peralta Elementary School
  • Apache Junction High Middle School
  • Apache Junction High School

Utilities

  • Central Air
  • Heat Pump System
  • Separate Meters
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection
  • Tax Lot 1687
  • Assessor Parcel Number 102-27-186

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $1,275
  • Gross Income $29,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,275

Year Built

Built in 1983

Lot Details

9,845 Sq Ft Lot

Listing Details

  • Cross Street: Tomahawk & US 60
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reog02
  • Co List Office Phone: 480-321-8100
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 5.0

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Peralta School
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Apache Junction High School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 102-27-186

Multi Family

  • Owner Pays: Trash Collection
  • Number Of Units Total: 4
  • Annual Gross Income: 29640.0
  • Annual Operating Expense: 1275.0

Tax Info

  • Tax Annual Amount: 1275.0
  • Tax Book Number: 102.00
  • Tax Lot: 1687

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2021
Closed on
Mar 1, 2021
Sold by
Bought by
Seller's Agent
Heather Cates
Realty ONE Group
Buyer's Agent
Tanis Wales
Realty ONE Group
List Price
$529,000
Sold Price
$540,000
Premium/Discount to List
$11,000
2.08%
Current Estimated Value
$616,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,799
Avg. Annual Appreciation
2.57%

Purchase Details

Closed on
Mar 27, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.32%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 14, 2013
Sold by
Bought by

Purchase Details

Closed on
Aug 29, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 15, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.82%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
May 12, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,200
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 28, 2004
Sold by
Bought by

Purchase Details

Closed on
Feb 24, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,762
Interest Rate
5.93%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 11, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
8.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 1996
Sold by
Bought by

Purchase Details

Closed on
Aug 7, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,491
Interest Rate
7.63%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$540,000 Security Title Agency Inc
-- First American Title
-- Security Title Agency
-- None Available
$80,000 Security Title Agency
$80,000 Equity Title Agency Inc
$269,000 Equity Title Agency Inc
-- Fidelity National Title Agen
$275,000 Fidelity National Title Agen
$199,990 Ticor Title Agency Of Az Inc
$152,000 First American Title Ins Co
$130,000 Security Title Agency
-- Security Title Agency
$82,491 United Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $60,000
Previous Owner $60,000
Previous Owner $60,000
Previous Owner $215,200
Previous Owner $206,250
Previous Owner $21,762
Previous Owner $117,000
Previous Owner $82,491
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/20/2021 03/20/21 Sold $540,000 +2.1% $675 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $529,000 0.0% $661 / Sq Ft
03/12/2021 03/12/21 Price Changed $529,000 0.0% $661 / Sq Ft
02/12/2021 02/12/21 For Sale $529,000 -- $661 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,361 $18,996 -- --
2024 $1,285 $19,208 -- --
2023 $1,340 $13,348 $2,949 $10,399
2022 $1,285 $18,488 $2,949 $15,539
2021 $1,309 $17,473 $0 $0
2020 $1,275 $14,145 $0 $0
2019 $1,223 $13,526 $0 $0
2018 $1,198 $8,526 $0 $0
2017 $1,033 $8,616 $0 $0
2016 $1,002 $8,602 $1,100 $7,502
2014 $962 $6,303 $1,100 $5,203
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6193775

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-186

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